Pyxus International Inc

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Case Summary
Company Name: Pyxus International Inc
Stock Symbol : NYSE: PYX
Class Period Start: 06/07/2018
Class Period End: 11/08/2019
Lead Plaintiff motion: 08/06/2019
Date Filed: 06/07/2019
Type of Case: Securities Class Action
Court: U.S. District Court for the Eastern District of North Carolina
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the August 6, 2019 lead plaintiff deadline in a class action lawsuit filed against Pyxus International Inc (NYSE: PYX) (“Pyxus” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of North Carolina and investors, who purchased Pyxus International Inc securities between June 7, 2018 and November 8, 2019, have until August 6, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Pyxus International Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company was experiencing longer shipping cycles; as a result, the Company’s financial results would be materially affected; the Company lacked adequate internal control over financial reporting; the Company’s accounting policies were reasonably likely to lead to regulatory scrutiny; and defendants’ positive statements about Pyxus’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On November 8, 2018, the Company revealed an roughly 12% year-over-year decline in sales due to the timing of shipments and a larger prior year crop in South America.

On November 9, 2018, SEC revealed a settlement reached with the Company for charges that it had materially misstated financial statements from at least 2011 through 2Q2015.

Following this news, NYSE: PYX fell, thereby causing investors harm.

If you were negatively impacted by your investment in Pyxus International Inc securities between June 7, 2018 and November 8, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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